Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Near Kroger and Lowe's Title is generated by Realmo AI

    2015 Roane State Hwy, Harriman, TN 37748

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    4+ acre commercial land near new retail development.

    Type:Land
    Lot size:
    4.00 Acres
    Added:
    Jul 21, 2020
    Days on Market:
    2149
    Last Refresh:
    May 19 at 9:10 pm

    Property Features for 2015 Roane State Hwy

    General Information

    Standard status
    Active
    Lot size
    4.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Danny Kirby

    Listing agent Danny Kirby License #TN 319281

    Listing office First Commercial Real Estate

    Listing date Jul 21, 2020

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of First Commercial Real Estate

    HighLights

    • Over 4 acres with frontage on Roane State Highway at a traffic signal.
    • Located in Midtown near a new Kroger and Lowe's development.
    • Potential for development into multiple outparcels.
    • Shared access to Griffith Drive and the traffic signal.
    • Owner has dirt available nearby for fill material.
    • Owner will fill the site for a purchase price of $3,400,000.

    Overview

    This property features over 4 acres of commercial land with frontage on Roane State Highway. The site is located at a traffic signal near a new Kroger and Lowe's development in Midtown. The site could be developed into multiple outparcels with shared access to Griffith Drive and the traffic signal. The site needs fill material, and the owner has dirt available nearby. The owner will fill the site for a purchase price of $3,400,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harriman
    County
    Roane
    State
    Tennessee
    Longitude
    -84.549873
    Latitude
    35.888599

    Nearby Similar for Sale

    • $800,000

      Harriman Land: Commercial/Residential Opportunity

      Cleared, level lot suitable for commercial or residential development.
      2400 Roane State Hwy, Harriman, TN 37748
      View Details
    • $119,900

      Waterfront Land on Watts Bar Lake

      3.6-acre waterfront property with 1,169 feet of shoreline.
      115 & 107 Riggs Chapel Rd, Harriman, TN 37748
      View Details
    • $489,000

      Prime Harriman Commercial Acreage

      1.1 acre commercial parcel in Harriman, Tennessee.
      1665 Roane State Hwy, Harriman, TN 37748
      View Details
    • $39,900

      Lake-View Lot in Gated Community

      Oversized homesite with lake views in a gated community.
      129 Docks Of The Bay Drive, Harriman, TN 37748
      View Details
    • $34,900

      Unrestricted Land Near Harriman, TN

      1.35 acre lot near town with utilities installed.
      261 Harding Rd, Harriman, TN 37748
      View Details
    • $36,000

      Residential Land in Harriman, TN

      Residential land near I-40, shopping, and Caney Creek Marina.
      108 Docks Of The Bay Drive, Harriman, TN 37748
      View Details
    • $375,000
      5,324 SF

      Harriman Warehouse on One Acre

      One-acre warehouse lot near Roane State Highway in Harriman.
      198 Adkisson Rd, Harriman, TN 37748
      View Details
    • $75,000

      Lakefront Lot in Gated Community

      Lakefront lot with amenities near Watts Bar Lake.
      Blue Heron Bluff lot: 56, Harriman, TN 37748
      View Details
    • $149,000

      Harriman Land with Utilities

      9.4-acre property with utilities and building sites in Harriman.
      741 Bazel Rd, Harriman, TN 37748
      View Details
    • $110,000

      Harriman, TN Versatile Land

      Versatile property with utilities, outside city limits, two access points.
      Roane State Hwy, Harriman, TN 37748
      View Details
    • $110,000

      Land with Utilities in Harriman

      Versatile land with utilities and multiple access points near town.
      3071 Roane State Hwy, Harriman, TN 37748
      View Details
    • $29,900

      Harriman, TN Waterfront Land

      0.45-acre lot in Swan Harbor subdivision with lake access.
      Indigo Bunting Drive lot: 33, Harriman, TN 37748
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4+ acre commercial land near new retail development.
    Where is this commercial land located?
    The property is located at 2015 Roane State Hwy Harriman, TN.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Over 4 acres with frontage on Roane State Highway at a traffic signal.; Located in Midtown near a new Kroger and Lowe's development.; Potential for development into multiple outparcels.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Danny Kirby
    Real Estate License ID: TN 319281
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2015 Roane State Hwy, Harriman, TN 37748
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!